About Sugar Topping
Sugar toppings are used on confectioneries to give delightful finish. These are used as icing and sprinklers on cupcakes and cakes. It improves the appearance of food product. The confectioneries include sugar and chocolate confectioneries which have the main ingredient as sugar. There has been increasing consumption of confectioneries in middle class and countries such as Brazil and India. This factor is leading to increased demand of sugar toppings.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Sugar Topping market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The J.M. Smucker Company (United States), The Hershey Company (United States), Pinnacle Foods, Inc. (United States), The Kraft Heinz Company (United States), Baldwin Richardson Foods Company (United States), Monin Incorporated (United States), R. Torre & Company, Inc. (United States), W.T. Lynch Foods Ltd. (United States), Ghirardelli Chocolate Company (United States) and CK Products LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Quaker Oats Company (United States) and Regal Food Products Group Plc (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Sugar Topping market by Type (Dry sugar toppings (Dried icing sugar, Sprinkles, Flavoured sugars, Moisture resistant icing sugar) and Wet (Beverage sauces, Breakfast syrups)) and Region.
On the basis of geography, the market of Sugar Topping has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End users, the sub-segment i.e. Bakery will boost the Sugar Topping market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nature, the sub-segment i.e. Organic will boost the Sugar Topping market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. B2B will boost the Sugar Topping market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle of People
Market Growth Drivers:
Increased Consumption of Confectioneries and Rising Disposable Income
Challenges:
High Sugar Intake May Cause Health Issues
Restraints:
Fluctuations in The Prices of Raw Material
Opportunities:
Rising Popularity of Ready to Eat Products and Increased Consumption of Low Sugar Topping Products
Market Leaders and their expansionary development strategies
In August 2023, Sugar Foods, a maker of crunchy toppings, croutons, beverage ingredients and pizza toppings, has acquired Concord Foods from private equity firm Arbor Investments. Terms of the acquisition were not disclosed.
In October 2021, Reddi-wip has introduced a dairy whipped topping for those in search of a sweet treat with zero sugar. Reddi-wip Zero Sugar is a creamy, keto-friendly whipped topping made with real cream, with zero grams of sugar, zero carbs and 15 calories per serving. It contains no artificial flavours and is gluten-free. It is meant to be used in coffee or as a topping on fruit, waffles, smoothies, sundaes, pies and keto desserts.
Key Target Audience
Sugar Toppings Producers, Sugar Toppings Traders, Distributors & Suppliers, Manufacturers in End-Use Industries, Government and Research Organisations and Associations and Industry Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.